Post
Topic
Board Development & Technical Discussion
Re: defending ahead the p2p nature of bitcoin - blending hashcash & scrypt
by
adam3us
on 19/04/2013, 21:06:13 UTC
Well my idea is this aim to get to 50:50 hashcash scrypt [or pool of algorithms]
I can't imagine majority of miners (who are already sitting on ASICs) would accept this kind of fork.

I am anti-fork as bad for mindshare, confidence and dilutive of bitcoin and crypto currency value aggregate.

I was suggesting it maybe in the self-interests of bitcoin to think about that for the main branch.

Obviously ASIC miners wont like it short term.  I ordered some ASIC miners off butterfly also.

But my statement was bigger picture, longer term view: all bitcoiners, including ASIC miners, will like it even less in the longer term and bigger picture if the entire currency gets devolved into a non-p2p corporate controlled network.  That itself would either destroy bitcoin value via loss of interest and/or bitcoin's user-centric properties along the way.

Anyway there was some interesting discussion in this thread, and there are uncertainties about what is the right answer.  So I guess by default we're going to wait and see.

If there even exist lots of ASIC privately held at present, that in itself is an argument for p2p nature surviving ASIC with hashcash mining function.

Adam